Common use of Termination of Pledge Clause in Contracts

Termination of Pledge. Upon the performance by Merchant in full of the Merchant Obligations, the security interest in the Collateral pursuant to this Pledge shall automatically terminate without any further act of either party being required, and all rights to the Collateral shall revert to Merchant. Upon any such termination, Purchaser will execute, acknowledge (where applicable) and deliver such satisfactions, releases and termination statements, as Merchant shall reasonably request.

Termination of Pledge. Upon the payment and performance by Merchant Seller in full of the Merchant Obligations, the security interest in the Collateral pursuant to this Pledge shall automatically terminate without any further act of either party being required, and all rights to the Collateral shall revert to MerchantSeller. Upon any such termination, Purchaser Buyer will execute, acknowledge (where applicable) and deliver such satisfactions, releases and termination statements, as Merchant Seller shall reasonably request.

Termination of Pledge. Upon the performance by Merchant in full of the Merchant Obligations, the security interest Subordinated Security Interest in the Collateral pursuant to this Pledge shall automatically terminate without any further act of either party being required, and all rights to the Collateral shall revert to Merchant. Upon any such termination, Purchaser will execute, acknowledge (where applicable) and deliver such satisfactions, releases and termination statements, as Merchant shall reasonably request.

Termination of Pledge. Upon the performance by Merchant in full of the Merchant ObligationsObligations , the security interest in the Collateral pursuant to this Pledge shall automatically terminate without any further act of either party being required, and all rights to the Collateral shall revert to Merchant. Upon any such termination, Purchaser will execute, acknowledge (where applicable) and deliver such satisfactions, releases and termination statements, as Merchant shall reasonably request.

Termination of Pledge. Upon the performance by Merchant Seller in full of the Merchant Seller Obligations, the security interest in the Collateral Secured Receipts pursuant to this Pledge shall automatically terminate without any further act of either party being required, and all rights to the Collateral Secured Receipts shall revert to MerchantSeller. Upon any such termination, Purchaser will execute, acknowledge (where applicable) and deliver such satisfactions, releases and termination statements, as Merchant Seller shall reasonably request.